Technavio Announces Top Four Vendors in the Global Fiber Optics Sensors
Market until 2020

February 11, 2016 12:00 PM Eastern Standard Time

LONDON--(BUSINESS WIRE)--Technavio
has announced the top four leading vendors for the global
fiber optics sensors marketin their latest research
report. This report also lists three other prominent vendors who are
expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have
considered the top contributors to the overall revenue of this market.
To calculate the market size, the report considers revenues generated
from the use of fiber optic sensors in the following customer segments:

Oil and gas

Manufacturing

Infrastructure

Security

Others, which include consumer electronics, healthcare, and
transportation

“The oil and gas segment of the global fiber optics sensor market was
valued at over USD 661 million in 2015, and it is expected to dominate
the market until 2020. The use of effective monitoring and remote
sensing applications such as distributed temperature sensing (DTS) and
distributed acoustic sensing (DAS), which are integrated with fiber
optic sensors, has vastly improved the efficiency of oil and gas
production and transportation systems. Therefore, it is estimated that
the adoption of these monitoring systems in the oil and gas sector will
grow during the forecast period,” said Asif, one of Technavio’s lead
analysts for semiconductor
and equipment research.

“Fiber optic sensors are also being considered as an ideal alternative
to conventional sensing methods, due to their ability to measure
temperatures and strain at different locations through a single fiber
using the multiplexing technology. This trend is expected to
significantly fuel the demand for fiber optic sensors for monitoring
pipelines, oil wells, and coiled tubes for cracks over the next four
years,” added Asif.

Four leading vendors in the global fiber optics sensors market:

Banner Engineering

Banner Engineering was established in 1966 and is headquartered in
Minneapolis, Minnesota, US. They are one of the world's leading
producers of process automation and industrial automation solutions.
Their product portfolio of 22,000 different products is supported by a
strong sales and distributional network of more than 3,000
representatives and distributors globally.

They serve more than 40 different industries such as agriculture,
automotive, assembly and manufacturing, food and beverage,
pharmaceutical and medical, port machinery and semiconductor. Their
market presence is in more than 75 countries, including Canada, US,
Mexico, Brazil, Argentina, Austria, Italy, Spain, India, Japan, China,
Israel, Kuwait, and Australia.

ifm efector

ifm efector was established in 1969 and is headquartered in Exton,
Pennsylvania, US. They are an automation technology company who develop,
manufacture, and sell sensors, controllers, and systems. Their
operations span across 70 countries with 5,000 employees. They operate
in segments, such as process sensors in hydraulic power units (HPUs),
safety sensors, and controls; position sensors; industrial imaging
sensors such as vision sensors; condition monitoring systems; and
systems for mobile machines.

The company's key services include on-site application support and
customer support. On-site application support includes on-site
application assistance, project coordination, and training. It has more
than 600 patents and 70 new patent registrations. The company caters to
the automotive, food and beverages, mobile machines, and wind energy
industries.

OMRON

OMRON was established in 1933 and is headquartered at Kyoto, Japan. They
are a global manufacturer of automation components, equipment and
systems with computer, communications and control technologies. They
offer a range of products through their industrial automation business
segments. They also offer a wide range of equipment ranging from factory
automation controllers like sensors, switches, relays, and safety
equipment that meet nearly 100,000 specifications and support innovation
and productivity improvement in almost every production operation.

Sick was founded in 1946 and is headquartered in Waldkirch, Germany.
They manufacture and market sensor solutions and services for automation
technology globally. They offer products such as magnetic cylinders,
proximity, photoelectric, fluid, registration, and distance sensors,
identification, detection and ranging, and safe sensor control
solutions. The company serves customers in the automotive, chemical,
print, metal and steel, mining, electronics, solar, packaging, and other
industries.

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Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
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Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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